Arab Today, arab today saudis unable to replace iranian supply
Last Updated : GMT 22:08:45
Arab Today, arab today
Arab Today, arab today

Saudis unable to replace Iranian supply

Arab Today, arab today

Arab Today, arab today Saudis unable to replace Iranian supply

Tehran - FNA

\"I announce with certainty that (crude oil produced by) Saudi Arabia cannot take the place of Iranian oil in the global market,\" National Iranian Oil Company (NIOC) Director General for International Affairs Seyed Mohsen Qamsari said Wednesday. He also reiterated that Saudi Arabia will not be able to make up for the absence of Iran\'s oil in the European markets if Iran halts EU oil exports. Saudi Arabia, which currently produces 10 million barrels a day, has promised the Europeans to fill the gap in case they implement their new set of oil embargos against Iran from July. OPEC is producing more than one million barrels a day above a ceiling of 30 million barrels a day agreed in December, an overproduction largely tied to the Saudi output increase. At the December gathering, Iranian Oil Minister Rostam Qassemi met his Saudi counterpart Ali al-Naimi and said he was told Saudi Arabia wasn\'t trying to take Iran\'s share of the oil market. Saudi Arabia still denies its increasing production to replace Iran. But Qassemi said \"the latest policy of Saudi Arabia (has) turned out otherwise.\" Saudi Arabia\'s high production is set to continue after the US and the European Union have ruled out easing sanctions on Iran even after talks between Iran and major powers Sunday - the first in over a year - ended with a pledge to pursue discussions next month, interrupting months of steadily escalating tensions between both sides.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudis unable to replace iranian supply Arab Today, arab today saudis unable to replace iranian supply

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:03 2017 Thursday ,23 March

Spider Venom May Offer Hope to Stroke Victims

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday